Jericho Homes with Mixed Use Subtype

Welcome to the vibrant community of Floral Park, NY, where the charming Jericho School District enhances the appeal of this picturesque neighborhood. Nestled in Nassau County, Floral Park boasts a rich tapestry of culture, convenience, and educational excellence that makes it a sought-after destination for families and professionals alike.

The Jericho School District is renowned for its commitment to providing a top-notch education, consistently earning high rankings across New York State. With a focus on academic achievement, innovative programs, and a nurturing environment, Jericho Schools foster a love for learning that empowers students to thrive. Parents can rest easy knowing their children are receiving an education that prioritizes both intellectual and personal growth, preparing them for success in an ever-evolving world.

In addition to its educational advantages, Floral Park offers a unique blend of residential and commercial properties, particularly in homes with a mixed-use subtype. This dynamic feature allows for a seamless integration of living and working spaces, catering to the needs of modern lifestyles. Imagine stepping out of your beautifully designed home and finding shops, cafes, and local businesses just a stone's throw away. The convenience of mixed-use properties not only enhances community engagement but also fosters a vibrant atmosphere where residents can enjoy the best of both worlds.

Whether you’re drawn to the exceptional schools, the charming community vibe, or the flexibility of mixed-use living, Floral Park is a place where dreams take root. Come explore this delightful area and discover your perfect home in the heart of Nassau County!

Newest Jericho Homes with Mixed Use Subtype

$2,750,000

1007615 MLS

113–119 Jericho Turnpike, Floral Park, NY – Prime mixed-use investment opportunity featuring two commercial units (approximately 1,200 SF each with full basements), two 2-bedroom apartments on the second floor, and a 60' x 60' parking lot. The property generates approximately $141,600 in annual gross income, including $96,000 from commercial tenants and $45,600 from residential units. Annual property taxes are approximately $32,000, with approximately 70% of the tax burden allocated to the commercial tenants, resulting in a net operating income (NOI) of approximately $127,800 and a 4.7% cap rate based on the $2,750,000 asking price. Well-located on Jericho Turnpike, this asset offers stable income and long-term investment potential.

113-119 Jericho Turnpike, Floral Park

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